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201 Fayette Street, Cumberland, MD 21502
$389,900
201 Fayette Street, Cumberland, MD 21502View this property at 201 Fayette Street, Cumberland, MD 21502
201 Fayette StreetCumberlandMD21502
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Property Description
You talk about the WOW factor this magnificent home definitely has it ! From the moment you walk in the door you will be blown away by this majestic home that is stunning yet warm and inviting at the same time Formerly known as " The Bruce House Inn "a well-known area B &B ,this beautiful 3 story 1840 Federal style home has 6 bedrooms, 6 full baths ,Central A/C , 2 gas fireplaces and is dual-zoned residential/commercial use for endless possibilities. Current owner completely renovated the property in 2007 and re-painted in 2019. There is also a 2-car attached garage for off street parking . One of the units has a tenant paying $650 a month on a month lease . The potential for this great property is off the charts and would be a great deal for anyone who has the ability to work from home whose dream has been to run a B and B . Make your appointment today to view this great property and you will be stunned at the pristine condition and beauty of this amazing property !
Full Property Details
Full Property Details for 201 Fayette St
General
- Price: $389,900
- Taxes: $6,958 (2023)
- Status: Active
- Type: Business
- MLS ID: MDAL2008044
- Updated: 1/17/2024
- Added to Site: 127 day(s) ago
Business
- Business Type: Bed and Breakfast
Parking
- Total Spaces: 2
- Parking Type: Private Garage
Location
- Area: W Cumberland - Allegany County (MDAL3)
- Municipality: Cumberland
- County: Allegany
- Development Name: West Side
- Subdivision: West Side
- Driving Directions: Rt 50 East to left on High st. -Rt 28 to Rt 51W to left on Baltimore St to right on Smallwood St to left on Fayette St. Building is on the corner of Fayette st and Smallwood st.
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1840
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,618
- Lot Size Source: Assessor
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $71.48
- Assessment Year: 2023
- City/TownTax: $3,705
- City/TownTax Freq: Annually
- County Tax: $3,253
- County Tax Freq: Annually
- Tax w/Assessment: $349,700
- Tax Amount: $6,958
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by Pioneer Ridge Realty, Steven S. Bommarito
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Schools
Schools serving 201 Fayette St
School District:Allegany County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
425 Paca St, Cumberland, MD 21502 | PK-5 | 0.3 mi | |
909 Holland St, Cumberland, MD 21502 | 6-8 | 0.9 mi | |
900 Seton Dr, Cumberland, MD 21502 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 201 Fayette St
Date
Details
Price
Change
Source
1/17/2024
Listed
$389,900
19.97%
MLS
5/12/2006
Sold
$325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 201 Fayette St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,253
4%
$349,700
3%
2020
$3,114
—
$340,100
1%
2021
$3,114
1%
$335,300
1%
2020
$3,093
—
$331,100
1%
2019
$3,107
2%
$326,900
1%
2018
$3,048
—
$322,700
—
2017
$3,050
—
$321,467
—
2016
$3,049
-1%
$320,233
—
2015
$3,078
2%
$319,000
—
2014
$3,018
—
$319,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 201 Fayette St
201 Fayette Street, Cumberland, MD 21502 (MLS# MDAL2008044) is a Business property. 201 Fayette Street is currently listed for $389,900 and was received on January 17, 2024. Want to learn more about 201 Fayette Street? Do you have questions about finding other Business real estate for sale in Cumberland? You can browse all Cumberland real estate or contact a Coldwell Banker agent to request more information.